“employers will only have to cover national insurance and employer contributions, which he said accounts for 5% of total employment costs.“ How can it only be 5% when NI is 13.8%? And pension at least 3%??
Maybe I was given incorrect advise but was told by Hmrc advisor that you can claim for overlapping periods, ie we have weekly paid that have been furlough for at least 3 weeks so have claimed for them but during the last week of that period we were forced to put more weeklys onto furlough. But cannot claim for them for another 3 weeks. In an ideal cash rich world we would have just submitted at claim at the end of the 5 weeks. But we are not I. That position. Will see what happened when we try to claim in 2 weeks time....
My answers
“employers will only have to cover national insurance and employer contributions, which he said accounts for 5% of total employment costs.“ How can it only be 5% when NI is 13.8%? And pension at least 3%??
I would have though once the initial 3 weeks had gone you can submit claims weekly( if doing weekly payrol).
Maybe I was given incorrect advise but was told by Hmrc advisor that you can claim for overlapping periods, ie we have weekly paid that have been furlough for at least 3 weeks so have claimed for them but during the last week of that period we were forced to put more weeklys onto furlough. But cannot claim for them for another 3 weeks. In an ideal cash rich world we would have just submitted at claim at the end of the 5 weeks. But we are not I. That position. Will see what happened when we try to claim in 2 weeks time....